Structural differences blamed for end of Ashfords and Boyes Turner merger talks

Merger talks between Ashfords and Boyes Turner have ended without a deal, with the law firms said to be “currently too far apart to work at this time”.

In a statement Ashfords said that after months of discussions, “structural differences” had prevented a combination of the two practices.

Garry Mackay, CEO at Ashfords said: “We have seen 76% growth over the last six years and are currently having a strong year with initial indications from all departments that there is significant growth potential for next year. We have a number of initiatives and investments that we will continue to focus on as we look to further innovate and develop services and product lines that support clients beyond their normal periodic transactional legal needs.

“I would like to take this opportunity to wish Boyes Turner every success. It is a great firm with great people and I have no doubt it will continue its success.”

Boyes Turner chief executive Andrew Chalkley said the Reading-based, 22-partner firm had concluded that the proposed merger would not be the right move for its business. 

Chalkley said: “We looked very closely into the benefits of this proposed merger but, on balance, we decided that it was not the right decision for Boyes Turner, our people and our clients.

“We have seen double-digit growth in recent years and this has continued into the current financial year. The merger discussions highlighted our strength as a business and the quality of the people we have in our team, so we can look to the future with real confidence.

“The long history of the Boyes Turner name will continue in Reading, the Thames Valley and the southeast as we build the next stage in our story.

“We, of course, remain on very good terms with the Ashfords team and we wish them well for the future.”